Glenmark Pharmaceuticals has announced the conclusion of a search and seizure operation conducted by the Goods & Service Tax Department in Mumbai, Maharashtra. The operation commenced on January 27, 2025, and concluded on January 31, 2026. The company has fully cooperated with the authorities and provided all necessary information. No adverse findings have been officially issued as a result of the inspection, and the company anticipates no material impact on its financials or operations.
GST Department Operation
Glenmark Pharmaceuticals confirms that the Goods & Service Tax Department, Mumbai, Maharashtra, concluded its search and seizure operation at the company’s offices on January 31, 2026. The operation began on January 27, 2025, at 12:30 p.m. and ended at 7:00 p.m.
Company Response and Cooperation
Throughout the proceedings, Glenmark Pharmaceuticals cooperated fully with the investigating officials. The company provided all requested documents, clarifications, and details to facilitate the process. Glenmark has stated its commitment to continue offering support and provide any additional information required.
Impact Assessment
The company reports that, as of the date of this announcement, no official document indicating adverse findings has been issued. Glenmark anticipates that the inspection will not have a material impact on the company’s financials, operations, or other activities.
Source: BSE
